RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ULTA
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Green day on Thursday for Ulta Beauty Inc stock after gaining 1.82%
(Updated on Mar 28, 2024)

Hold candidate since Mar 27, 2024 Gain 1.82% PDF

The Ulta Beauty Inc stock price gained 1.82% on the last trading day (Thursday, 28th Mar 2024), rising from $513.52 to $522.88. During the last trading day the stock fluctuated 2.35% from a day low at $513.68 to a day high of $525.77. The price has fallen in 8 of the last 10 days and is down by -7.53% for this period. Volume fell on the last day by -113 thousand shares and in total, 785 thousand shares were bought and sold for approximately $410.61 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $509.31 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.06% during the next 3 months and, with a 90% probability hold a price between $586.03 and $668.39 at the end of this 3-month period.

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ULTA Signals & Forecast

There are mixed signals in the stock today. The Ulta Beauty Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $537.91. On a fall, the stock will find some support from the short-term average at $517.74. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 3.42%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Ulta Beauty Inc stock

Ulta Beauty Inc finds support from accumulated volume at $520.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $12.09 between high and low, or 2.35%. For the last week, the stock has had daily average volatility of 2.36%.

Our recommended stop-loss: $499.37 (-4.50%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (ULTA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ulta Beauty Inc to open at $520.78, and during the day (based on 14 day Average True Range), to move between $509.51 and $536.25, which gives a possible trading interval of +/-$13.37 (+/-2.56%) up or down from last closing price. If Ulta Beauty Inc takes out the full calculated possible swing range there will be an estimated 5.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $520.37 (0.48%) than the resistance at $535.98 (2.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ulta Beauty Inc stock A Buy?

Ulta Beauty Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.312 Hold/Accumulate Unchanged

Predicted Opening Price for Ulta Beauty Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$520.78 ( 0.402%) $522.88

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ULTA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 532.87 1.91 %
R2 528.25 1.03 %
R1 525.40 0.481 %
Current price: 522.88
Support S1 516.16 -1.29 %
S2 513.31 -1.83 %
S3 508.69 -2.71 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 565.44 8.14 %
R2 548.56 4.91 %
R1 535.98 2.51 %
Current price 522.88
Support S1 520.37 -0.480%
S2 513.52 -1.79%
S3 507.99 -2.85%

ULTA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 08, 2012 Mar 16, 2012 May 15, 2012 $1.00 1.14%

FAQ

What is the symbol for Ulta Beauty Inc Stock and on which exchange is it traded?
The symbol for Ulta Beauty Inc is ULTA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Ulta Beauty Inc Stock?
Ulta Beauty Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Ulta Beauty Inc Stock?
Ulta Beauty Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ulta Beauty Inc Stock.

What's the current price of Ulta Beauty Inc Stock?
As of the end of day on the 2024-03-28, the price of an Ulta Beauty Inc (ULTA) share was $522.88.

What is the 52-week high and low for Ulta Beauty Inc Stock?
The 52-week high for Ulta Beauty Inc Stock is $574.76 and the 52-week low is $368.02.

What is the market capitalization of Ulta Beauty Inc Stock?
As of the 2024-03-28, the market capitalization of Ulta Beauty Inc is 24.937B.

When is the next earnings date for Ulta Beauty Inc?
The upcoming earnings date for Ulta Beauty Inc is May 23, 2024.
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About Ulta Beauty Inc

Ulta Beauty Ulta Beauty, Inc. operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services. It also provides its private label products, such as the Ulta Beauty Collection branded cosmetics, skincare, and bath product... ULTA Profile

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